KeyBanc Capital Markets lifts Carvana Co. [CVNA] price estimate. Who else is bullish?

Carvana Co. [NYSE: CVNA] price plunged by -7.38 percent to reach at -$21.52. The company report on December 21, 2020 that Carvana Welcomes 2021 by Giving Vehicles to 21 Employees.

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Carvana Team Members Nominated Deserving Co-Workers, Recipients Revealed in Surprise Announcement to Thousands of Employees and Customers.

Leading online auto retailer Carvana (NYSE: CVNA), known for its easy, transparent car buying experience, is powered by thousands of passionate, dedicated employees, some of whom have experienced a particularly trying year – on top of an already tough year for the world. A company where one of the core values is, “We’re All in This Together,” Carvana believes in treating people better, and rallied team members to nominate deserving co-workers for a free vehicle to close out this challenging year. Among hundreds of nominations, 21 recipients were announced at Carvanafest, an annual event historically hosted to show appreciation for Carvana customers, turned virtual this year, and expanded to include all Carvana employees, as well.

A sum of 1858326 shares traded at recent session while its average daily volume was at 1.70M shares. Carvana Co. shares reached a high of $292.76 and dropped to a low of $265.80 until finishing in the latest session at $270.00.

The one-year CVNA stock forecast points to a potential downside of -16.84. The average equity rating for CVNA stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Carvana Co. [CVNA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CVNA shares is $231.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CVNA stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

KeyBanc Capital Markets have made an estimate for Carvana Co. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 17, 2020. While these analysts kept the previous recommendation, Truist raised their target price to Buy. The new note on the price target was released on December 15, 2020, representing the official price target for Carvana Co. stock. Previously, the target price had yet another raise to $300, while Jefferies analysts kept a Buy rating on CVNA stock.

The Average True Range (ATR) for Carvana Co. is set at 14.46, with the Price to Sales ratio for CVNA stock in the period of the last 12 months amounting to 9.74. The Price to Book ratio for the last quarter was 43.90, with the Price to Cash per share for the same quarter was set at 2.80.

CVNA Stock Performance Analysis:

Carvana Co. [CVNA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.46. With this latest performance, CVNA shares gained by 12.46% in over the last four-week period, additionally plugging by 130.45% over the last 6 months – not to mention a rise of 180.14% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CVNA stock in for the last two-week period is set at 58.63, with the RSI for the last a single of trading hit 56.57, and the three-weeks RSI is set at 59.08 for Carvana Co. [CVNA]. The present Moving Average for the last 50 days of trading for this stock 227.80, while it was recorded at 275.67 for the last single week of trading, and 156.18 for the last 200 days.

Insight into Carvana Co. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Carvana Co. [CVNA] shares currently have an operating margin of -7.11 and a Gross Margin at +11.85. Carvana Co.’s Net Margin is presently recorded at -2.91.

Return on Total Capital for CVNA is now -20.90, given the latest momentum, and Return on Invested Capital for the company is -14.37. Return on Equity for this stock declined to -133.70, with Return on Assets sitting at -7.52. When it comes to the capital structure of this company, Carvana Co. [CVNA] has a Total Debt to Total Equity ratio set at 1,660.92. Additionally, CVNA Total Debt to Total Capital is recorded at 94.32, with Total Debt to Total Assets ending up at 79.19. Long-Term Debt to Equity for the company is recorded at 1,018.36, with the Long-Term Debt to Total Capital now at 57.83.

Reflecting on the efficiency of the workforce at the company, Carvana Co. [CVNA] managed to generate an average of -$15,655 per employee. Receivables Turnover for the company is 16.94 with a Total Asset Turnover recorded at a value of 2.58.Carvana Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 3.20.

CVNA Stock EPS

With the latest financial reports released by the company, Carvana Co. posted -0.79/share EPS, while the average EPS was predicted by analysts to be reported at -0.63/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -25.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CVNA.

Carvana Co. [CVNA] Insider Position Details

There are presently around $22,459 million, in the hands of institutional investors. The top three institutional holders of CVNA stocks are: MORGAN STANLEY with ownership of 8,692,012, which is approximately 1.593% of the company’s market cap and around 1.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 8,310,216 shares of the stock with an approximate value of $2.24 billion in CVNA stocks shares; and FMR LLC, currently with $1.96 billion in CVNA stock with ownership of nearly -24.572% of the company’s market capitalization.

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Positions in Carvana Co. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 163 institutional holders increased their position in Carvana Co. [NYSE:CVNA] by around 15,644,967 shares. Additionally, 160 investors decreased positions by around 17,322,480 shares, while 32 investors held positions by with 50,212,729 shares. The mentioned changes placed institutional holdings at 83,180,176 shares, according to the latest SEC report filing. CVNA stock had 80 new institutional investments in for a total of 7,279,451 shares, while 37 institutional investors sold positions of 3,789,715 shares during the same period.

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